Author Archives

• Activist hedge fund Starboard exits Macy’s board

  By admin1 on March 16, 2017 • ( 0 )

  

  Its exist underscores the growing challenges facing the U.S. retail industry with consumers preferring to shop online as opposed to visiting a brick-and-mortar store.   Sources familiar with the matter at hand have disclosed that activist hedge fund Starboard Value… Read More ›

• VW’s CEO not ruling out merger talks with Fiat Chrysler

  By admin1 on March 15, 2017 • ( 0 )

  

  Fiat Chrysler’s CEO Sergio Marchionne has been an advocate of sharing the costs of cleaner next gen advance technology. The CEO of Europe’s biggest carmaker, Volkswagen AG, has stated he is yet to rule out talks on the potential acquisition… Read More ›

• Bezos scores double win with Washington Post deal

  By admin1 on March 15, 2017 • ( 0 )

  

  Jeff Bezos bought the Washington Post at a time when the print media industry faces recurring revenue shortfalls. With this deal, Bezos has set a target for Washington Post’s 1 year old service, Arc Publishing, of $100 million. In a… Read More ›

• Brexit terms could potentially determine Scotland’s independence from the U.K

  By admin1 on March 15, 2017 • ( 0 )

  

  Support for an independent Scottish parliament is at a historic high. As per the results of a survey conducted by ScotCen’s Scottish Social Attitudes, support for Scotland’s independence from the United Kingdom is at its highest. However, as per Scottish… Read More ›

• Rex Wayne Tillerson used alias account to discuss Exxon’s impact on climate change

  By admin1 on March 14, 2017 • ( 0 )

  

  Exxon Mobil failed to disclose Rex Wayne Tillerson’s usage of an alias e-mail address for relevant communication at Exxon Mobil. Eric Schneiderman, NY Attorney General has disclosed, Rex Wayne Tillerson the former chairman and chief executive of Exxon Mobil Corp… Read More ›

• Elliot Management prodding Citrix to seek buyers

  By admin1 on March 14, 2017 • ( 0 )

  

  The activist hedge fund got a seat in Citrix’s board in 2015. The company is now looking for strategic alternatives, including a potential sale. According to people who choose to remain anonymous, Citrix Systems Inc, is looking for strategic alternatives,… Read More ›

• Scotland’s independence referendum stonewalled by Theresa May

  By admin1 on March 14, 2017 • ( 0 )

  

  Scotland’s demand for an independence referendum is likely to face an uphill task since it could potentially undermine Britain’s negotiating position during Brexit talks with the EU. In a significant development, British Prime Minister Theresa May is preparing the grounds… Read More ›

• Britain scurries to have a contingency plans in case of a hard brexit

  By admin1 on March 13, 2017 • ( 0 )

  

  Failing to provide a contingency plans would amount to a serious dereliction of duty.    

• AIA’s CEO joins embattled HSBC as non-executive Group Chairman

  By admin1 on March 13, 2017 • ( 0 )

  

  The move comes in the wake of HSBC’s lawyers urging a federal appeals court to not to reveal Michel Cherkasky’s reports. In a telling development, Hong Kong-based AIA Group’s President and CEO has stated that he will be leaving the… Read More ›

• China’s HNA Group seeks to boost stake in Deutsche Bank

  By admin1 on March 10, 2017 • ( 0 )

  

  For the Chinese, this is likely to be a strategic investment to get a foothold in the European financial sector. Two sources with knowledge of the matter have revealed that the Chinese conglomerate, the HNA Group, is seeking to increase… Read More ›